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Dec 6, 2012
12/12
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the company says it thinks demand for commodities, especially energy, will continue to grow. that could help offset the increased difficulty mining companies are having trying to find new projects in regions outside the u.s. and with interest rates currently at historic lows, the timing was right to ink the two deals. diane eastabrook, "n.b.r.," chicago. >> tom: daniel rohr is a metals and mining analyst from morningstar and joins us from chicago. dan, how unique of a deal is this in the u.s. to have mining and energy drilling all in the same company? >> it is very unusual, forthe p. decades, ago, however, we had seen a lot of the oil majors, folks like amco, with exposure to mining as well. this is an animal we haven't seen in quite sometime in the u.s. >> tom: what drove the deal for freport, why did it want to go outside its expertise mining, that was two generations of leaders ago. why now? >> yeah. i'm still struggling with the underlying strategic rationale for this deal. judging by the stock market, i can't see a clear rationale as far as why they did this. what manage
the company says it thinks demand for commodities, especially energy, will continue to grow. that could help offset the increased difficulty mining companies are having trying to find new projects in regions outside the u.s. and with interest rates currently at historic lows, the timing was right to ink the two deals. diane eastabrook, "n.b.r.," chicago. >> tom: daniel rohr is a metals and mining analyst from morningstar and joins us from chicago. dan, how unique of a deal is...
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Nov 29, 2012
11/12
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and finally energy. i think energy, whether it is big or small, is attractive at this point in time. the u.s. is fighting to have more available energy than we ever thought we had in the last 30 or 40 years. and i think that industry, as it develops, will be profitable for the people in it. >> tom: a little bit of optimism from the desk of wells fargo. john manley with wells fargo funds. >> susie: good news on gas prices: they're falling after spiking because of hurricane sandy. that's welcome relief to many drivers, but it still costs more to fill up your tank now compared to a year ago. erika miller reports from one of the most expensive cities to fill 'er up. >> reporter: here in new york city, the long lines and gas rationing are finally gone, but there's more good news. like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some
and finally energy. i think energy, whether it is big or small, is attractive at this point in time. the u.s. is fighting to have more available energy than we ever thought we had in the last 30 or 40 years. and i think that industry, as it develops, will be profitable for the people in it. >> tom: a little bit of optimism from the desk of wells fargo. john manley with wells fargo funds. >> susie: good news on gas prices: they're falling after spiking because of hurricane sandy....
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Nov 28, 2012
11/12
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the energy sector fell 1%. the financial sector lost nine tenths of a percent, and telecommunications continues moving down, falling another seven tenths of a percent today. the big corporate news was in the food business. as suzanne reported earlier, conagra finally has a deal to buy ralcorp, and both stocks jumped to new highs. the target, ralcorp, shot up 26.4%, closing just below the buyout offer at $90. in a sign of enthusiasm for the deal, the buyer, conagra, saw its shares jump 4.7% to its highest price in more than a decade. all the holiday spending on televisions and mobile devices looks to be helping corning. it makes glass used in screens for electronics. the company raised its fourth quarter forecast. corning expects its specialty glass business to make up for declines in other products. shares rose 6.9%, volume tripled. green mountain coffee is best known for the k-cup single serve coffee. the company has seen big new competitors like starbucks get into the market, but green mountain continues sell
the energy sector fell 1%. the financial sector lost nine tenths of a percent, and telecommunications continues moving down, falling another seven tenths of a percent today. the big corporate news was in the food business. as suzanne reported earlier, conagra finally has a deal to buy ralcorp, and both stocks jumped to new highs. the target, ralcorp, shot up 26.4%, closing just below the buyout offer at $90. in a sign of enthusiasm for the deal, the buyer, conagra, saw its shares jump 4.7% to...
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Dec 5, 2012
12/12
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might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon shares fell, like many of its fellow dow components trading here on the big board. >> tom: let's get going with tonight's "market focus." with no big economic data for cues, stocks finished a lackluster day in negative territory. the s&p 500 struggled to find a clear direction and spent most of the session in the red. it ended with a small loss of two tenths of 1%. trading volume
might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including...
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Dec 1, 2012
12/12
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among utility stocks today, duke energy jumped 2.3%. the firm has been subject to a board room drama since july. c.e.o. jim rogers has agreed to retire at the end of next year. on the consumer side, wal-mart added 1.7%, ending at a three week high. this was the biggest gain of any dow jones stock today. if you use fed-ex you may be paying more next year. the delivery company will raise its ground and home delivery shipping fees at average of 4.9% next year. the higher prices didn't lead to a higher share price today. the stock fell 1.4%. fed-ex has warned of customers seeking out cheaper shipping options. meantime, the inability to raise prices hit versign. you may recognize the company logo from the internet. verisign manages internet addresses, translating the web addresses into digits that computers use to communicate. the company won a new contract from the government to oversee web addresses, but it can't raise prices. and that sent shares plunging, falling 13.2%. volume jumped tenfold. this is its lowest price since december. its
among utility stocks today, duke energy jumped 2.3%. the firm has been subject to a board room drama since july. c.e.o. jim rogers has agreed to retire at the end of next year. on the consumer side, wal-mart added 1.7%, ending at a three week high. this was the biggest gain of any dow jones stock today. if you use fed-ex you may be paying more next year. the delivery company will raise its ground and home delivery shipping fees at average of 4.9% next year. the higher prices didn't lead to a...